Wijziging van de Wet ter voorkoming van witwassen en financieren van terrorisme en de Wet ter voorkoming van witwassen en financieren van terrorisme BES in verband met de implementatie van aanbevelingen van de Financial Action Task Force

This Dutch bill amends the Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), the main Dutch anti-money laundering and counter-terrorist financing law, and its counterpart for the Caribbean Netherlands (BES). The changes aim to implement recommendations from the Financial Action Task Force (FATF), the international body that sets standards for combating money laundering and terrorist financing. Adopting these standards helps keep the Dutch financial system aligned with international expectations. The amendments mainly affect financial institutions, other obliged service providers such as notaries and trust offices, and their customers. Obligations for checks on clients and reporting of unusual transactions may change, and supervisory authorities may gain or adjust responsibilities. The Caribbean Netherlands is also covered by the parallel BES law. This summary is based on metadata only, not the full legislative text.